Market Overview - The U.S. stock market had a strong start on October 20, 2025, with major indexes rising over 1%, driven by a rally in the technology sector and positive corporate earnings outlook [1] - The Dow Jones Industrial Average (DJIA) increased by over 450 points, closing at 46,587.56, contributing to an 8.7% year-to-date gain [2] - The S&P 500 advanced by 1.03% to 1.19%, nearing its all-time high, with a year-to-date gain of 14.8% [3] - The Nasdaq Composite led the gains with a rally of 1.39% to 1.52%, reflecting strong investor confidence in growth sectors, especially in artificial intelligence [4] Key Market Drivers - A report from Counterpoint Research highlighted strong demand for Apple's new iPhone 17 series, boosting optimism in the technology sector [5] - Analysts expect a 9.3% year-on-year growth in third-quarter S&P 500 earnings, an improvement over previous estimates [5] Major Stock News - Apple Inc. (AAPL) shares surged approximately 4.5% to an all-time high of $262.79, driven by strong sales of the iPhone 17, which outsold the iPhone 16 by 14% in its first ten days [6] - Amazon (AMZN) shares rose 1.6% after recovering from losses due to a cloud-computing outage [7] - Tesla (TSLA) closed up 1.9% ahead of its third-quarter earnings report [7] - Semiconductor stocks saw significant gains, with the Philadelphia Semiconductor Index reaching an all-time high [8] Notable Movements - Cleveland-Cliffs (CLF) shares jumped 24% following news of a potential deal with a major steel producer [9] - WeightWatchers (WW) surged 9.6% after announcing a partnership with Amazon for weight-loss drug delivery [9] - AMD (AMD) continued its strong performance, with shares up $8.88 after positive analyst ratings [10] Upcoming Market Events - Over 80 S&P 500 companies are expected to report earnings this week, including notable companies like Netflix, Tesla, and Coca-Cola [11] - The delayed U.S. Consumer Price Index (CPI) data is set to be released on October 24, which will be closely monitored for inflation implications [12]

Core Insights - Wintrust Financial (WTFC) is expected to report quarterly earnings of $2.63 per share, a 6.5% increase year-over-year, with revenues projected at $681.43 million, reflecting a 10.7% year-over-year growth [1] Earnings Projections - The consensus EPS estimate has been adjusted downward by 0.4% over the past 30 days, indicating a reassessment by analysts [1][2] - Analysts emphasize the importance of earnings estimate revisions as a predictor of investor behavior and stock price performance [2] Key Financial Metrics - Analysts project the 'Efficiency Ratio' to reach 56.3%, down from 58.9% in the same quarter last year [4] - The 'Net Interest Margin' is expected to remain stable at 3.5%, consistent with the previous year's figure [4] - 'Average balance - Total earning assets' is forecasted to be $63.50 billion, up from $57.27 billion year-over-year [4] Additional Financial Estimates - The 'Tier 1 leverage ratio' is expected to be 9.6%, slightly up from 9.4% a year ago [5] - 'Total Non-Interest Income' is projected at $122.13 million, an increase from $113.15 million year-over-year [5] - 'Net interest income - FTE' is anticipated to reach $563.57 million, compared to $505.73 million in the same quarter last year [5] Other Metrics - The average prediction for 'Net Interest Income' stands at $558.27 million, up from $502.58 million year-over-year [6] - 'Service charges on deposit accounts' are expected to be $19.90 million, compared to $16.43 million last year [6] - 'Wealth management' is projected at $37.10 million, slightly down from $37.22 million year-over-year [7] - 'Mortgage banking' is estimated to reach $26.41 million, significantly up from $15.97 million last year [7] - The consensus for 'Operating lease income, net' is $15.20 million, compared to $15.34 million in the same quarter last year [8] Stock Performance - Over the past month, Wintrust shares have recorded a return of -0.8%, while the Zacks S&P 500 composite has seen a +1% change [8] - Wintrust is currently rated Zacks Rank 4 (Sell), indicating a likely underperformance compared to the overall market [8]

Core Viewpoint - Wintrust Financial Corporation has appointed two new members to its Board of Directors, enhancing its governance and strategic oversight [1][3]. Group 1: Board Appointments - Laura Kohl, Chief Information Officer at Morningstar, Inc., and David Richter, Managing Director at GCM Grosvenor, have been appointed to the Board, effective October 1, 2025 [1][2]. - The addition of Kohl and Richter increases the total number of board members to 14 [3]. Group 2: Board Member Expertise - Laura Kohl brings extensive global business and technology expertise, leading the global technology strategy at Morningstar [2]. - David Richter serves as Investment Committee Chair for Grosvenor's Absolute Return Strategies, contributing significant experience in private credit and hedge fund management [2]. Group 3: Company Overview - Wintrust Financial is a financial holding company with $69 billion in assets, traded on the NASDAQ Global Select Market [4]. - The company operates over 200 retail banking locations through 16 community bank subsidiaries across several regions, including greater Chicago and southern Wisconsin [4]. - Wintrust offers a range of services, including residential mortgage origination, wealth management, and commercial insurance premium financing [4].

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sector, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] - Subscribers have access to a model account with over 50 stocks, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] Subscription Offer - A two-week free trial is available for new subscribers, allowing them to explore the oil and gas investment opportunities [2]

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sector, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] Group 1 - The service includes access to a 50+ stock model account, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1] - A two-week free trial is available for new subscribers, promoting engagement with the oil and gas market [2]

Core Viewpoint - Wintrust Financial Inc. has shown a mixed performance with a short-term decline of 2.46% over the past month, while experiencing a significant increase of 25.45% over the past year, prompting long-term shareholders to consider the company's price-to-earnings (P/E) ratio [1]. Group 1: Stock Performance - Current trading price of Wintrust Financial shares is $133.01, reflecting a 0.28% drop [1]. - The stock has decreased by 2.46% in the last month but has increased by 25.45% over the past year [1]. Group 2: P/E Ratio Analysis - The P/E ratio is a critical metric for evaluating the company's market performance, comparing current share price to earnings per share (EPS) [5]. - Wintrust Financial's P/E ratio is lower than the aggregate P/E of 13.14 for the Banks industry, suggesting potential undervaluation [6]. - A lower P/E may indicate that shareholders do not expect future growth, but it can also suggest that the stock is undervalued [9]. Group 3: Investment Considerations - Investors should not rely solely on the P/E ratio, as it has limitations and should be used alongside other financial metrics and qualitative analysis [9].

Core Viewpoint - Wintrust Financial Corporation will announce its third quarter and year-to-date 2025 earnings results on October 20, 2025, and will host a conference call on October 21, 2025, at 10:00 a.m. CDT [1] Earnings Announcement - The earnings results will be released after market close on October 20, 2025 [1] - A conference call for discussing the results will take place on October 21, 2025, at 10:00 a.m. CDT [1] Participation Details - Interested individuals can register for the call to receive a dial-in number and unique PIN [2] - It is recommended to join the call 10 minutes prior to the start time [2] Additional Resources - An accompanying slide presentation will be available on the company's website [2] - A replay of the audio-only webcast and the slide presentation will be accessible after the event [3] - The text of the earnings release will also be available on the company's website [3] Company Overview - Wintrust is a financial holding company with approximately $69 billion in assets [4] - The company operates over 200 retail banking locations through 16 community bank subsidiaries in various regions [4] - Wintrust provides a range of services including residential mortgage origination, wealth management, and commercial insurance premium financing [4]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Wintrust Financial (WTFC) - Wintrust Financial currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for performance [3][4] - The stock has shown a price increase of 1.63% over the past week, outperforming the Zacks Banks - Midwest industry, which declined by 0.38% [6] - Over the past quarter, WTFC shares have increased by 15.43%, and over the last year, they have gained 34.19%, significantly outperforming the S&P 500's increases of 8.47% and 20.31%, respectively [7] Trading Volume - WTFC's average 20-day trading volume is 355,876 shares, which serves as a useful indicator for price movement and market interest [8] Earnings Outlook - In the past two months, 5 earnings estimates for WTFC have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $10.70 to $10.93 [10] - For the next fiscal year, 6 estimates have also moved upwards without any downward revisions [10] Conclusion - Given the positive momentum indicators and earnings outlook, WTFC is positioned as a strong buy candidate for investors seeking short-term opportunities [12]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to Commission File Number 001-35077 ________________________________ ...

Financial Data and Key Metrics Changes - The company reported record quarterly net income of $195.5 million, up from $189 million in the previous quarter [6] - Net interest income also reached a quarterly record of $547 million, driven by loan growth of $2.3 billion in the second quarter [6][10] - Total assets grew by $3.1 billion to $69 billion, including the impact of a $425 million preferred stock offering [11][16] Business Line Data and Key Metrics Changes - Residential mortgage activity increased slightly but remains muted in the current rate environment [8] - The property and casualty premium finance group saw over $1 billion in growth, while commercial real estate grew by $377 million [20][21] - The mortgage warehouse team grew by $213 million, indicating strong onboarding of new relationships [21] Market Data and Key Metrics Changes - The company experienced a 17% increase in deposits over the prior quarter, totaling $2.2 billion [10] - Loan growth for the first half of the year was $3 billion, representing a 12% annualized increase [11] - Non-performing loans as a percentage of total loans remained stable, with charge-offs for the quarter unchanged at 11 basis points [24] Company Strategy and Development Direction - The company aims for continued mid to high single-digit loan growth for the second half of the year, supported by strong pipelines [6][35] - Management emphasized a disciplined approach to growth, avoiding opportunities with unfavorable pricing or credit structures [7] - The company is cautiously optimistic about the overall business environment, with a focus on maintaining strong credit quality [24] Management's Comments on Operating Environment and Future Outlook - Management noted that credit quality remains very good, with a stable environment for non-performing loans and charge-offs [24] - There is a belief that the impacts of economic uncertainties will be limited due to strong underwriting standards [23] - The company is optimistic about the business environment as it enters the second half of the year, with strong pipelines in core markets [22][24] Other Important Information - The company continues to build tangible book value per share and has grown it every year since going public [16] - The recent preferred stock issuance will impact earnings per share calculations in the third quarter but will not affect operating net income [17][18] Q&A Session Summary Question: Loan growth expectations for Q3 - Management expects loan growth to be in line with historical trends, targeting mid to high single digits [35] Question: Sources of deposit growth - Deposit growth is broad-based, with significant contributions from commercial and consumer households [38] Question: Wealth management outsourcing progress - The conversion to the LPL platform is largely complete, and the company sees growth potential in the wealth management business [40] Question: NII growth sustainability - Management believes mid to high single-digit NII growth is reasonable given stable margins and asset growth [45] Question: Deregulation impact on M&A - The company is hopeful for regulatory adjustments that could facilitate growth and is open to acquisition opportunities [52] Question: Core C&I sentiment and growth - There is cautious optimism among core commercial clients, with sentiment improving compared to previous quarters [56] Question: Non-performing loans in CRE portfolio - The increase in non-performing loans is minor and attributed to a few specific credits, with overall management feeling confident [58] Question: Competitive pricing and loan yield compression - There has been some margin compression, but the company maintains a disciplined pricing strategy [66] Question: Capital targets and CET1 ratios - The company views a 10% CET1 ratio as a floor and expects gradual growth in capital with earnings [111]